FairXchange lures FXPB veteran Martin Bradford as COO

abdelaziz Fathi

Financial markets data science firm FairXchange has recruited FX Prime brokerage veteran Martin Bradford as the company’s chief operating officer (COO).

Bradford brings nearly 22 years of experience to the London-based firm and will join its management team after working in a variety of global banks and exchanges in operations and C-level positions.

Bradford had served most recently as a solutions business director within the Data & Analytics division at London Stock Exchange Group (LSEG). During a three-year tenure, he was tasked with leading and delivering SaaS, cloud, and Big Tech solutions with data platforms and services.

Outside the traditional finance domain, Bradford had assumed senior roles in the financial services divisions at Google Cloud and Microsoft. Earlier in his career, he held FX prime brokerage director and senior sales roles at Credit Suisse, Morgan Stanley, RBS Global Banking and Markets, and JPMorgan Chase & Co.

Guy Hopkins, Founder and CEO, FairXchange said: “Being part of United Fintech has opened up a wealth of new opportunities for us, paving the way for the creation of our new COO role. We are absolutely thrilled to welcome Martin to FairXchange. His track record speaks for itself, with deep experience and knowledge across capital markets, technology and data. He joins us at an incredibly exciting time of rapid growth and will play a central role in shaping our trajectory as we scale.”

Martin Bradford added: “I am delighted to join FairXchange to help scale the company’s noble mission of enabling more transparent Foreign Exchange trading for all market participants.  There is a clear gap in the market for the innovative Horizon platform to help improve trading relationships through insightful liquidity analytics.”

In 2021, United Fintech, a London-based start-up looking to buy a slate of capital markets fintechs, acquired a minority stake in data science and execution performance analytics specialist, FairXchange.

United Fintech has taken a 25% stake in FairXchange for an undisclosed amount, with the intention of fully acquiring the firm over the next few years through a multi-stage takeover.

FairXchange was founded in 2016 by Guy Hopkins, a former Bloomberg veteran and head of FX at Morgan Stanley. The data science firm specializes in microstructural analysis of financial markets and brings to participants better transparency around execution performance.

FairXchange, which has no affiliation with any liquidity providers or trading venues, is already being used by an extensive client base including a number of global financial institutions. The company’s analytical product, Horizon, analyzes all relevant transaction and pricing data and helps facilitate mutually profitable data-driven discussions with its liquidity providers and liquidity consumers.

Read this next

Digital Assets

LMAX Digital onboards Bryan Christian and Cassandra Cox to lead sales

Institutional cryptocurrency exchange LMAX Digital continues to undergo a series of changes in its top ranks as it continues to build its presence globally. Two industry veterans, Bryan Christian and Cassandra Cox, have joined the group as its newest sales directors in Europe and USA.

Digital Assets

Cake DeFi introduces Ethereum Staking with 5% returns

Cake DeFi, a Singapore-based DeFi platform, is launching its Ethereum (ETH) staking service for retail and institutional customers.

Retail FX

FX trading rebounds 405pct at Saxo Bank in September

In a volatile market driven by Russia-Ukraine headlines, FX trading volumes through Saxo Bank have rebounded strongly in September to the highest level in three months.

Retail FX

CMC Markets’ stock climbs as H1 revenue to climb +20%

CMC Markets PLC (LSE:CMCX) shares spiked 5.6 percent to 235p in Thursday’s trading after the firm’s trading update for the first half of its fiscal year 2023 revealed results at the high end of company projections.

Retail FX

Interactive Brokers doubles client accounts to 2 million in 24 months

Electronic brokerage firm Interactive Brokers LLC (NASDAQ:IBKR) said its trading volumes took a slight step back in September, an indication that investor confidence is still fairly mixed over the past few months.

Digital Assets

DeFiChain tokenizes Walmart, Unilever, US Oil and Gas Funds

Bitcoin-based DeFi platform DeFiChain is opening up the opportunity for its users to trade crypto versions of Walmart, Unilever, US Oil Fund, and US Gas Fund.

Industry News

The B2Broker B2Core REST API Is Now Live

B2Broker has announced the release of its new REST API, which lets customers use B2Broker’s solutions and services for business purposes.

Executive Moves

CME Group taps Paul Woolman to lead Equity Index, Giovanni Vicioso to lead Crypto

“Our equity and cryptocurrency businesses have experienced tremendous growth in recent years, underpinned by strong customer adoption and continued innovation.”

Technology

Sumsub launches document-free KYC for users in India, Brazil, Nigeria and Indonesia

Sumsub has launched one click-KYC for users in India, Brazil, Nigeria and Indonesia in a move that allows businesses to instantly onboard over 2 billion users without requesting their ID documents.

<